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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and AFFILIATED MANAGERS GROUP, INC. (AMG). Click either name above to swap in a different company.

AFFILIATED MANAGERS GROUP, INC. is the larger business by last-quarter revenue ($556.6M vs $368.7M, roughly 1.5× ALLIANCE ENTERTAINMENT HOLDING CORP). AFFILIATED MANAGERS GROUP, INC. runs the higher net margin — 62.4% vs 2.5%, a 59.9% gap on every dollar of revenue. On growth, AFFILIATED MANAGERS GROUP, INC. posted the faster year-over-year revenue change (6.2% vs -6.3%). AFFILIATED MANAGERS GROUP, INC. produced more free cash flow last quarter ($254.5M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 5.5%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Affiliated Managers Group, Inc. (AMG) is an American financial services firm founded in 1993 and headquartered in West Palm Beach, Florida. The company's stock trades on the New York Stock Exchange under the symbol AMG, and is listed on the S&P 400 for mid-size American firms.

AENT vs AMG — Head-to-Head

Bigger by revenue
AMG
AMG
1.5× larger
AMG
$556.6M
$368.7M
AENT
Growing faster (revenue YoY)
AMG
AMG
+12.5% gap
AMG
6.2%
-6.3%
AENT
Higher net margin
AMG
AMG
59.9% more per $
AMG
62.4%
2.5%
AENT
More free cash flow
AMG
AMG
$271.4M more FCF
AMG
$254.5M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
5.5%
AMG

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AENT
AENT
AMG
AMG
Revenue
$368.7M
$556.6M
Net Profit
$9.4M
$347.5M
Gross Margin
Operating Margin
4.7%
94.4%
Net Margin
2.5%
62.4%
Revenue YoY
-6.3%
6.2%
Net Profit YoY
32.8%
114.2%
EPS (diluted)
$0.18
$10.87

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AENT
AENT
AMG
AMG
Q4 25
$368.7M
$556.6M
Q3 25
$254.0M
$528.0M
Q2 25
$227.8M
$493.2M
Q1 25
$213.0M
$496.6M
Q4 24
$393.7M
$524.3M
Q3 24
$229.0M
$516.4M
Q2 24
$236.9M
$500.3M
Q1 24
$211.2M
$499.9M
Net Profit
AENT
AENT
AMG
AMG
Q4 25
$9.4M
$347.5M
Q3 25
$4.9M
$212.4M
Q2 25
$5.8M
$84.3M
Q1 25
$1.9M
$72.4M
Q4 24
$7.1M
$162.2M
Q3 24
$397.0K
$123.6M
Q2 24
$2.5M
$76.0M
Q1 24
$-3.4M
$149.8M
Operating Margin
AENT
AENT
AMG
AMG
Q4 25
4.7%
94.4%
Q3 25
4.2%
68.7%
Q2 25
4.3%
34.8%
Q1 25
1.7%
25.5%
Q4 24
3.8%
52.2%
Q3 24
0.9%
42.0%
Q2 24
0.2%
35.6%
Q1 24
-0.3%
50.8%
Net Margin
AENT
AENT
AMG
AMG
Q4 25
2.5%
62.4%
Q3 25
1.9%
40.2%
Q2 25
2.5%
17.1%
Q1 25
0.9%
14.6%
Q4 24
1.8%
30.9%
Q3 24
0.2%
23.9%
Q2 24
1.1%
15.2%
Q1 24
-1.6%
30.0%
EPS (diluted)
AENT
AENT
AMG
AMG
Q4 25
$0.18
$10.87
Q3 25
$0.10
$6.87
Q2 25
$0.11
$2.80
Q1 25
$0.04
$2.20
Q4 24
$0.14
$4.95
Q3 24
$0.01
$3.78
Q2 24
$0.05
$2.26
Q1 24
$-0.07
$4.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AENT
AENT
AMG
AMG
Cash + ST InvestmentsLiquidity on hand
$586.0M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$117.6M
$3.2B
Total Assets
$434.1M
$9.2B
Debt / EquityLower = less leverage
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
AMG
AMG
Q4 25
$586.0M
Q3 25
$476.1M
Q2 25
$361.0M
Q1 25
$816.5M
Q4 24
$950.0M
Q3 24
$4.3M
$1.0B
Q2 24
$1.1M
$865.5M
Q1 24
$1.6M
$793.4M
Total Debt
AENT
AENT
AMG
AMG
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AENT
AENT
AMG
AMG
Q4 25
$117.6M
$3.2B
Q3 25
$108.1M
$3.3B
Q2 25
$103.2M
$3.2B
Q1 25
$97.4M
$3.2B
Q4 24
$95.6M
$3.3B
Q3 24
$88.0M
$3.3B
Q2 24
$87.6M
$3.3B
Q1 24
$85.1M
$3.6B
Total Assets
AENT
AENT
AMG
AMG
Q4 25
$434.1M
$9.2B
Q3 25
$383.0M
$8.9B
Q2 25
$361.2M
$8.8B
Q1 25
$349.4M
$8.7B
Q4 24
$401.7M
$8.8B
Q3 24
$395.7M
$8.9B
Q2 24
$340.8M
$8.8B
Q1 24
$324.0M
$9.0B
Debt / Equity
AENT
AENT
AMG
AMG
Q4 25
0.83×
Q3 25
0.71×
Q2 25
0.81×
Q1 25
0.82×
Q4 24
0.78×
Q3 24
0.79×
Q2 24
0.76×
Q1 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AENT
AENT
AMG
AMG
Operating Cash FlowLast quarter
$-16.5M
$256.4M
Free Cash FlowOCF − Capex
$-16.9M
$254.5M
FCF MarginFCF / Revenue
-4.6%
45.7%
Capex IntensityCapex / Revenue
0.1%
0.3%
Cash ConversionOCF / Net Profit
-1.76×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$967.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
AMG
AMG
Q4 25
$-16.5M
$256.4M
Q3 25
$2.7M
$277.1M
Q2 25
$10.7M
$230.8M
Q1 25
$2.5M
$208.9M
Q4 24
$25.3M
$212.5M
Q3 24
$-11.6M
$265.2M
Q2 24
$9.7M
$245.2M
Q1 24
$20.0M
$209.2M
Free Cash Flow
AENT
AENT
AMG
AMG
Q4 25
$-16.9M
$254.5M
Q3 25
$2.4M
$275.9M
Q2 25
$10.7M
$229.4M
Q1 25
$2.4M
$207.3M
Q4 24
$211.4M
Q3 24
$-11.6M
$264.5M
Q2 24
$244.6M
Q1 24
$20.0M
$208.2M
FCF Margin
AENT
AENT
AMG
AMG
Q4 25
-4.6%
45.7%
Q3 25
0.9%
52.3%
Q2 25
4.7%
46.5%
Q1 25
1.1%
41.7%
Q4 24
40.3%
Q3 24
-5.1%
51.2%
Q2 24
48.9%
Q1 24
9.4%
41.6%
Capex Intensity
AENT
AENT
AMG
AMG
Q4 25
0.1%
0.3%
Q3 25
0.1%
0.2%
Q2 25
0.0%
0.3%
Q1 25
0.0%
0.3%
Q4 24
0.0%
0.2%
Q3 24
0.0%
0.1%
Q2 24
0.1%
Q1 24
0.0%
0.2%
Cash Conversion
AENT
AENT
AMG
AMG
Q4 25
-1.76×
0.74×
Q3 25
0.56×
1.30×
Q2 25
1.86×
2.74×
Q1 25
1.33×
2.89×
Q4 24
3.57×
1.31×
Q3 24
-29.31×
2.15×
Q2 24
3.85×
3.23×
Q1 24
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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